TechFlame News - According to CoinDesk, a survey by crypto tax platform Awaken Tax reveals that over 50% of U.S. crypto investors fear facing IRS penalties this year. New regulations require brokers like Coinbase to report all digital asset transactions for 2025 to the IRS via Form 1099-DA in an effort to combat tax evasion. For the first time, the IRS will obtain internal data from exchanges and cross-check it with taxpayer filings. Founder Andrew Duca notes that the rule treats crypto assets similarly to stocks, but the actual process is more complex: users often transfer assets between multiple wallets and interact with DeFi, while brokers can only report sales proceeds and cannot provide cost basis (purchase price), resulting in incomplete forms. Taxpayers must supplement cost information themselves using Form 8949. Currently, crypto tax compliance stands at less than 20%.